Form 4: Pagaya Technologies Executive Tami Rosen Reports Stock Sales and Option Exercises

Tami Rosen, Chief Development Officer at Pagaya Technologies, reported the sale of Class A Ordinary Shares and the exercise of Restricted Stock Units on October 31 and November 1, 2024.

Summary

• Tami Rosen, Chief Development Officer of Pagaya Technologies Ltd., reported transactions involving Class A Ordinary Shares.
• On October 31, 2024, Rosen exercised Restricted Stock Units, acquiring 15,625 Class A Ordinary Shares at $0.
• Also on October 31, 2024, Rosen sold 17,570 Class A Ordinary Shares at a weighted average price of $12.0611, with prices ranging from $12.00 to $12.21.
• On November 1, 2024, Rosen sold 7,966 Class A Ordinary Shares at $11.57 per share.
• These sales were partly to cover tax obligations from the vesting of a compensatory award and were executed under a 10b5-1 trading plan.
• Following these transactions, Rosen directly owns 73,516 Class A Ordinary Shares.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing insider transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about stock sales and option exercises.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions. It's common for executives to sell shares to cover tax obligations after exercising stock options or restricted stock units. The use of a 10b5-1 plan indicates that these sales were pre-planned.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the sales appear to be routine and related to tax obligations.

Key Dates